BUZZ-U.S. STOCKS ON THE MOVE-Dover Saddlery, Brainstorm, JPMorgan
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks edged higher at the open on Tuesday, buoyed by gains in JPMorgan Chase after the bank posted quarterly earnings, while energy stocks advanced as oil prices climbed. The Dow Jones industrial average was down 0.03 percent at 17,971.31 and the S&P 500 was down 0.16 percent at 2,089.09.
** JPMORGAN CHASE & CO, $63.33, +2.03 pct
JPMorgan, the biggest U.S. bank by assets, reported a 12.2 percent rise in quarterly profit as revenue from fixed-income trading rebounded.
For a graphic: here
** NOKIA OYJ, $7.89, -4.94 pct
** ALCATEL-LUCENT SA, $4.7, +8.05 pct
Nokia is in talks to buy smaller telecom equipment maker Alcatel-Lucent, a deal that would combine the industry's two weakest players but could pose challenges in cutting costs and overcoming political opposition. Continued...